OTCQX:SREMF - Post by User
Post by
MisterBon Mar 02, 2011 1:09pm
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Post# 18219852
Impartial Opinion
Impartial OpinionI have never been invested in CLQ, but have watched from a distance for some time. I feel bad for those subject to, what I would call, an over-reaction. I am considering getting in towards the end of the week or next as I do think this will sink further. That said, I also think a rebound will be forthcoming after the report comes out.
My thoughts:
-Major investment by institutions at $1.50 and only after heavy DD.
-Market cap is reflective of current "cash on hand" - Screams buy after the emotional panic is done
-Management requesting external, impartial review of resources suggests integrity, but also that even if resources change materially, it may only be a couple/few years off the LOM. It isn't likely to be a deal breaker.
That said, this is tough to watch even for outsiders as it reminds us how things can change in a minute. I do think this will come back but with slightly reduced resources. Worst case, it trades for cash value, which should be a bottom. I don't see this maintaining "worst case" in the medium and long term though. Emotion rules the day, and emotion and $$ don't mix - so I think I'll be taking a dip at the expense of emotional traders.
B